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Witham House Prices Witham House Prices

The average house price in Witham is £301,854 using HM Land Registry data.

The average property price increased by £39,221 (13.72%) over the last 5 years and increased by £7,841 (2.47%) over the last 12 months.

Over the last year, there were 324 residential property sales – a decrease of 172 transactions (-53.09%) relative to the previous year. The majority of house sales (93) were in the £262,000 - £318,000 range. Then came properties in the £318,000 - £374,000 range, where 64 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,224 (-1%).

In Oct 24, there were 66 new estate agency instructions, 58 agreed home sales and 43 property price reductions.

Postcodes Covered: CM8

5-Year Average Property Prices in Witham

13.72%

Property prices in Witham increased by 13.72% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Witham Over the Last Year

2.47%

Property prices in Witham increased by 2.47% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Witham - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Witham

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Witham

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Witham

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Witham since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Witham area since 1995.

Recent Property Sales in Witham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
25 Albert Road, Witham, Essex, CM8 2BS£280,000£275,000-£5,00017 May 202420 Aug 202495 Days
134 Honeysuckle Way, Witham, Essex, CM8 2YD£250,000£250,000£0030 Apr 202402 Aug 202494 Days
8 Carraways, Witham, Essex, CM8 1XT£160,000£157,500-£2,50013 Apr 202402 Aug 2024111 Days
11 Halcyon Close, Witham, Essex, CM8 1GW£215,000£215,000£0023 Mar 202426 Jul 2024125 Days
49 Foster Court, Witham, Essex, CM8 2TQ£90,000£83,000-£7,00029 Feb 202424 Jul 2024146 Days
86 Allectus Way, Witham, Essex, CM8 1NY£280,000£265,000-£15,00003 Nov 202312 Jul 2024252 Days
82 Mortimer Way, Witham, Essex, CM8 1UJ£190,000£187,500-£2,50028 Jun 202312 Jul 2024380 Days
64 Church Street, Witham, Essex, CM8 2JH£400,000£385,000-£15,00003 Nov 202311 Jul 2024251 Days
38 Braintree Road, Witham, Essex, CM8 2DB£325,000£325,000£0011 Mar 202411 Jul 2024122 Days
6 Elizabeth Avenue, Witham, Essex, CM8 1JE£240,000£235,500-£4,50002 Jan 202411 Jul 2024191 Days
10 Pine Grove, Witham, Essex, CM8 2NT£350,000£350,000£0023 Jan 202405 Jul 2024164 Days
63 Constance Close, Witham, Essex, CM8 1XL£220,000£210,000-£10,00024 Feb 202405 Jul 2024132 Days
Flat 27, Moorfield Court, Newland Street, Witham, Essex, CM8 1AE£135,000£128,000-£7,00004 Nov 202301 Jul 2024240 Days
2 Sauls Bridge Close, Witham, Essex, CM8 1XJ£400,000£395,000-£5,00002 Jan 202428 Jun 2024178 Days
18 Albert Road, Witham, Essex, CM8 2BS£290,000£275,000-£15,00027 Oct 202321 Jun 2024238 Days
14 Charlotte Way, Witham, Essex, CM8 2TZ£290,000£282,000-£8,00021 Feb 202414 Jun 2024114 Days
12 Colne Chase, Witham, Essex, CM8 1TH£290,000£290,000£0029 Feb 202414 Jun 2024106 Days
4 Larkspur Close, Witham, Essex, CM8 2YQ£310,000£310,000£0015 Mar 202404 Jun 202481 Days
109 Rickstones Road, Witham, Essex, CM8 2SB£290,000£290,000£0016 Jan 202424 May 2024129 Days
22 Alan Road, Witham, Essex, CM8 1PT£275,000£270,000-£5,00019 Jan 202416 May 2024118 Days

Most Expensive Streets in Witham

PostcodeStreetAreaAverageNo. of Sales
CM8 1JFPattison CloseWitham£795,0003
CM8 1HGWitham LodgeWitham£755,8333
CM8 1LZBlunts Hall DriveWitham£680,0003
CM8 2DZCollingwood RoadWitham£664,2857
CM8 1YLBradshaw GardensWitham£649,9963
CM8 1HFGuithavon ValleyWitham£645,8333
CM8 1ENHatfield RoadWitham£618,3333
CM8 2HEPowers Hall EndWitham£614,3754
CM8 1HWGershwin BoulevardWitham£603,3333
CM8 2HQHighfields RoadWitham£595,1663

Least Expensive Streets in Witham

PostcodeStreetAreaAverageNo. of Sales
CM8 2GGBabbs CourtWitham£81,8004
CM8 1YHMill Vale LodgeGuithavon Street, Witham£91,5628
CM8 1ALNewland CourtNewland Street, Witham£96,11118
CM8 2TQFoster CourtWitham£116,88622
CM8 1YPIngles DriveWitham£117,3333
CM8 2GWHammond CourtJopson Mews£118,8124
CM8 3FACrittall CourtCrittall Road£132,41612
CM8 1AEMoorfield CourtNewland Street, Witham£135,52024
CM8 2FSIceni HouseNewland Street, Witham£154,1666
CM8 2PYElderberry GardensWitham£154,3577

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